PENGARUH CURRENT RATIO, RETURN ON ASSETS, AND DEBT TO EQUITY RATIO TERHADAP PRICE BOOK VALUE YANG TERDAFTAR DI INDEKS SAHAM SYARIAH INDONESIA TAHUN 2019-2023
Kata Kunci:
Current Ratio, Return On Assets, Debt To Equity Ratio, Price Book ValueAbstrak
Penelitian ini bertujuan untuk mengetahui pengaruh Current Ratio, Return on Assets, and Debt to Equity Ratio secara parsial maupun secara simultan terhadap Price Book Value. Metode dalam penelitian ini menggunakan metode kuantitatif. Proses pemilihan sampel yaitu menggunakan teknik purposive sampling yaitu penentuan sampel dengan kriteria tertentu, laporan keuangan yang diteliti pada periode 2019-2023 adalah data keuangan perusahaan makanan dan minuman yang terdaftar di Indeks Saham Syariah Indonesia. Jenis data yang digunakan adalah data panel. Teknik analisis data menggunakan regresi data panel, uji asumsi klasik (uji normalitas, uji multikolinieritas, uji heteroskedastisitas, dan uji autokorelasi), uji hipotesis (uji-t dan uji-F) serta koefisien determinasi (r-square) dengan alat bantu aplikasi Eviews 12. Hasil dari penelitian membuktikan bahwa secara parsial Current Ratio dan Debt to Equity tidak berpengaruh signifikan terhadap Price Book Value, sedangkan Return On Asset berpengaruh terhadap Price Book Value. Secara simultan Current Ratio, Return on Assets, dan Debt to Equity Ratio berpengaruh signifikan terhadap Price Book Value.
This study aims to determine the effect of Current Ratio, Return on Assets, and Debt to Equity Ratio partially or simultaneously on Price Book Value. The method in this study uses a quantitative method. The sample selection process uses a purposive sampling technique, namely determining samples with certain criteria, the financial statements studied in the 2019-2023 period are financial data of food and beverage companies listed on the Indonesian Sharia Stock Index. The type of data used is panel data. The data analysis technique uses panel data regression, classical assumption tests (normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test), hypothesis testing (t-test and F-test) and coefficient of determination (r-square) with the Eviews 12 application tool. The results of the study prove that partially Current Ratio and Debt to Equity do not have a significant effect on Price Book Value, while Return On Assets does affect Price Book Value. Simultaneously Current Ratio, Return on Assets, and Debt to Equity Ratio have a significant effect on Price Book Value.
